Armenian banks bought $67 million from local forex market in four days

YEREVAN, September 28. / ARKA /. Armenian commercial banks bought a total of $66.9 million from local forex intra-market on September 22-25 at the weighted average exchange rate of 475.47 drams per $1, the press service of the Central Bank said.

They also bought 9.9 million euros and 893.6 million Russian rubles at the weighted average exchange rates of 530.34 drams and 7.11 drams respectively.

In the same time span the banks sold about $89.2 million, €11.5 million and about 277.7 million Russian rubles at the weighted average exchange rates of 477.27, 536.12 and 7.27 drams respectively.

Besides, from September 14 to 20 the banks issued 38.6 billion drams worth loans in Armenian currency and $40.9 million loans in USD. ($ 1 – 475.35 drams) .- 0-

spot_img

POPULAR

About 10% of Armenia’s dram-denominated government debt is held by international institutional players: Central Bank Governor

Institutional players are entering the dram-denominated government debt market in Armenia, stated Martin Galstyan, Chairman of the Central Bank of Armenia.

Unibank Issues Perpetual Bonds with a 13.25% Annual Yield for Shareholders

Unibank has issued a new tranche of perpetual AMD-denominated bonds with a volume of AMD 9 billion, available exclusively to the bank’s shareholders.

Armenia’s banking system is capitalized significantly above regulatory requirement: Central Bank Governor

Armenia's banking system is adequately capitalized and has sufficient liquidity buffers, stated Central Bank Governor Martin Galstyan.

VTB (Armenia) Offers Package Offer for Sole Proprietors

VTB (Armenia) has launched a package offer for sole proprietors, including a current account, a business card, and a remote banking system.

Dram-pegged stablecoins will significantly reduce cross-border payment costs – Galstyan

Stablecoins pegged to the Armenian dram will allow the population to make domestic payments and significantly reduce cross-border payment costs, stated Martin Galstyan, head of the Central Bank of Armenia, in response to a question from ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img